1.8 Customers arrive at the neighborhood bookstore according to a Poisson process with an average rate of...

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1.8 Customers arrive at the neighborhood bookstore according to a Poisson process with an average rate of 10 customers per hour. Independently of other customers, each arriving customer buys a book with probability 1/8.

a. What is the probability that the bookstore sells no book during a particular hour?

b. What is the PDF of the time until the first book is sold?

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Markov Processes For Stochastic Modeling

ISBN: 9780323282956

2nd Edition

Authors: Oliver Ibe

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Question Posted: Nov 06, 2024 08:00 AM

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Markov Processes For Stochastic Modeling

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